Canon and Nikon are reportedly both planning full-frame mirrorless cameras this year

It’s going to be an exciting year for photographers — finally — as both Canon and Nikon are reportedly planning full-frame mirrorless cameras for debut before the end of 2018. It’s good news for consumers, because it means that both companies have been investing heavily in the next phase of digital photography, and that competition in the mirrorless world is about to heat up.

Photography is a difficult space right now because smartphones have been eating up the low-end and increasingly the mid-range market. Point-and-shoots are effectively extinct, and DSLRs are reserved for serious shooters — though those occupying the middle ground, such as Fujifilm with its lively X series and Olympus with its PENs and OM-Ds, have been prospering modestly.

Mirrorless cameras, which basically do away with the bulky mechanical bits of a single-lens reflex camera but have virtually no drawbacks from their absence, allow for a more compact camera that still seriously outperforms phones.

They seem quite clearly to be a big part of the future of photography, which is why every company has been investing heavily into the technology. Early results weren’t great, and it was clear that Canon and Nikon in particular have had their priorities divided: DSLR sales have been dropping, but flagship full-frame (that is, with sensors the size of 35mm film) DSLRs still represented the best of the camera world, embraced especially by professionals.

But inroads have been made, especially by Sony and Fujifilm, into even that professional space. The Alpha and X-Pro series have shown that mirrorless cameras can perform at least as well as DSLRs, and boy are they easier to carry around.

So, faced with either innovating and cannibalizing their own sales, or allowing competitors to eat their lunch, Canon and Nikon have chosen to do the former… after a couple years of the latter, anyway. We’ve seen the early results from Canon in the form of the mid-range M50, but it seems Nikon has kept theirs under wraps.

Canon Rumors and Nikon Rumors report that the companies both plan to sell full-frame mirrorless cameras by the end of the year — in Nikon’s case maybe even by the end of the month.

Going full-frame means several things:

They believe their mirrorless systems are good enough to compete with SLRs at a professional level

They believe professionals are ready to make the transition to mirrorless

They are ready to do so themselves, cannibalizing and eventually winding down SLR sales

That last point is likely the scariest for them. These are companies that have been making SLR cameras for the better part of a century — it’s not just part of their core competency but key to their identity as camera makers. This is essentially a point of no return for them. Sure, SLRs will stick around for a while longer, but sooner or later the burden of improving and manufacturing them as sales decline and mirrorless systems take over will prove too much.

What about the cameras themselves? There are supposedly two from each company. Nikon’s have lots of rumored details, the most important of which are that there will be one high and one low megapixel model, in-body stabilization (allows for smaller lenses), a new lens mount, and naturally an electronic viewfinder. Less is known (or rumored anyhow) about the Canons, but they will likely share many of these characteristics.

Don’t expect a lower cost to accompany this shift. These cameras will likely cost in the $2,500-$4,000 range, just like the SLRs they’re replacing.

This is also a chance to really go to town on the features and shooting experience; both companies need to make a big impression, not just with the customers they’ve lost to rival systems but to their own loyal shooters. So there may be other major changes, such as to the interface, layout, and so on. Expect lots of digital integration like wireless tethering as well — better than the junk they’ve been foisting on us for the last few years.

Will this reverse the tide of smartphones taking over the photography world? No, but it’s heartening to see these rather inertia-bound companies finally embrace the future. I love SLRs, and I plan to shoot on them forever in one way or another, but as an occasional serious photographer I’ll be glad to give these new systems a try.

I’ve asked both companies about the rumors, but I doubt they’ll comment. On the other hand, if the rumors are true, we won’t have long to wait before they turn into facts.